India's market regulator on
Tuesday temporarily eased some fund-raising regulations for
listed entities to give them easier and faster access to capital
markets amid the ongoing coronavirus pandemic which has greatly
reduced deal activity.
Property and casualty insurer Travelers
Cos Inc reported a 25% drop in quarterly profit on
Tuesday and warned that potential claims tied to compensation
coverage for furloughed and laid-off employees would hit results
for the year.
U.S. home sales dropped by
the most in nearly 4-1/2 years in March as extraordinary
measures to control the spread of the novel coronavirus brought
buyer traffic to a virtual standstill, supporting analysts'
views that the economy contracted sharply in the first quarter.
The U.S. Congress moved
toward a fourth coronavirus relief bill expected to top $450
billion, as Senate Democratic Leader Chuck Schumer said all
major provisions were agreed, and that the Trump administration
has signed off on a national testing strategy.
Britain's economy is not
certain to recover rapidly once coronavirus restrictions are
lifted as people may be reluctant to spend or socialise as they
did before, Bank of England chief economist Andy Haldane warned